TaxMamas TaxQuips: Tax Quips

TaxMamas TaxQuips: Tax Quips


Inheriting vs Gifting

August 12, 2010

Today TaxMama hears from Terri in the TaxQuips Forum, with an delightful problem to have. “What is the best way to reduce the tax consequences of inheriting land? The person inheriting the land is not related to the owner. He could possibly marry her